Brazilian crude steel production rose 10.8% year on year to 3 million tonnes in January 2021, according to data from the Brazilian Iron and Steel Association (IABr) on February 24.
Domestic sales of crude steel climbed 24.9% year on year to 1.9 million tonnes, and apparent consumption increased by 25% to 2.2 million tonnes, data showed.
Brazil's steel exports totaled 531,000 tonnes in January, slumping 52% on the year. The steel imports reached 324,000 tonnes of steel in the month, a year-on-year increase of 42.3%.
Brazil's crude steel production totaled 30.97 million tonnes in 2020, down 4.9% year on year; domestic steel sales were 19.24 million tonnes, up 2.4% and apparent consumption was 21.22 million tonnes, up 1.2%.
Brazil's steel exports in 2020 were 10.74 million tonnes, a year-on-year decrease of 16.1%. Steel intakes came in at 2 million tonnes in 2020, down 14.3% from the year-ago level.
The IABr estimated Brazil's crude steel production will rise 6.7% from 2020 to 33.04 million tonnes, while apparent consumption is forecast to climb 5.8% year on year to 22.44 million tonnes.
Domestic crude steel sales are expected to increase 5.3% year on year to 20.27 million tonnes. The exports are estimated to rise 9% year on year to 11.71 million tonnes in 2021, while imports are expected to increase 9.8% on the year to 2.22 million tonnes.
(Writing by Rebecca Liu Editing by Harry Huo)
For any questions, please contact us by email@example.com or +86-351-7219322.